Cash Flow Club - Accelerating Inbound Cashflow

Cash Flow Club - Accelerating Inbound Cashflow

Proactive strategies for Accounts Receivable excellence. I work with a lot of businesses. Over the years, the single fastest way I have personally found to improve cash flow in a business is to proactively manage your invoicing and collections. My logic is simple. Most other means to improving cash flow require that you do something now that will show results later. However, when you actively manage your invoicing and collections, you are simply ensuring that you get paid today for the work that you have already done. Minor tweaks or improvements to your invoicing and collection system can have major impacts on your business today and going forward. In this video, I share my thoughts on why a business might want to proactively manage invoicing and collections as part of their overall cash flow management process. Collecting your accounts receivables is often the fastest way to put cash in the bank. You did the work, now make sure you get paid for it! #bigthinkeruniverse#cashflowclub PS This is free advice. You may be tempted to ignore it. I am fine with that. But, if you have any significant accounts receivables on your books, ask yourself what it would mean to your company if you had the cash in your bank account instead of listed as an accounts receivable.

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Episoder(253)

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